The early withdrawal fee on this account is $6.25
Step-by-step explanation:
Suppose you buy a CD for $1000
- It earns 2.5% APR and is compounded quarterly
- The CD matures in 5 years
- Assume that if funds are withdrawn before the CD matures, the early withdrawal fee is 3 months' interest
We need to find the early withdrawal fee on this account
∵ The annual interest is 2.5%
- Change it to decimal
∵ 2.5% = 2.5 ÷ 100 = 0.025
∴ The annual interest rate is 0.025
∵ The interest is compounded quarterly
∴ The interest rate per quarter = 0.025 ÷ 4 = 0.00625
∵ The early withdrawal fee is 3 months' interest
∵ You buy the CD for $1000
∵ A quarter year = 3 months
∴ The early withdrawal fee = 1000 × 0.00625 = $6.25
The early withdrawal fee on this account is $6.25
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This phrase can be written as 20 + f.
So, 20 + f is the answer.
Answer:
3 divided by (1+2)=1
Step-by-step explanation:
bc u do parthensis first so 1+2 is 3 therfore if u divide 3 by 3 gives u one
Answer:
12.7 degrees
Step-by-step explanation:
there are 180 degrees in a straight line, and since the angle opposite a is 167.3, we subtract that from 180 and we get 12.7
The <u>correct answer</u> is:
16/45.
Explanation:
We want the probability that a student's eye color is blue if they made an A in physics. This means we look at the column for students with an A.
There are 32 students with blue eyes in the A column.
This is out of 32+58=90 students that made an A.
This makes the probability 32/90, which simplifies to 16/45.
